CLPS Inc (NASDAQ:CLPS)’s share price traded down 15.7% during mid-day trading on Wednesday . The stock traded as low as $4.65 and last traded at $5.35. 858,605 shares changed hands during mid-day trading, an increase of 158% from the average session volume of 332,868 shares. The stock had previously closed at $6.35.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLPS. Citadel Advisors LLC bought a new stake in shares of CLPS during the second quarter valued at approximately $169,000. Cubist Systematic Strategies LLC bought a new stake in shares of CLPS during the second quarter valued at approximately $179,000. Finally, Jane Street Group LLC bought a new stake in shares of CLPS during the third quarter valued at approximately $190,000. Hedge funds and other institutional investors own 0.75% of the company’s stock.
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CLPS Incorporation provides information technology and consulting services to banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management.
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